Quote from: matt4054 on July 13, 2013, 08:27:41 AM

Quote from: killerstorm on July 13, 2013, 08:18:55 AM

This is bullshit. You can as well invest into mining hardware and reinvest some part of proceedings into more hardware. Sure, it requires some work, but really not that much, I guess.

(1) Unlike PMBs or plain mining hardware, there is a strategy of reinvestment here
(2) and the idea is more or less to increase or at least preserve the % of hashrate of the network as the difficulty grows.

Why can't you use same strategy?

You're buy from exactly same market creativex is buying from. He doesn't get any special deals. You can do exactly same thing which he does, following same strategy.

The only difference is that he had 1800 BTC to spend, initially.

Quote from: matt4054 on July 13, 2013, 08:27:41 AM

If you sustain your "this is bullshit", please claim that (1) or (2) is wrong (or both), and give a rationale.

Honestly, I see no logic in your reasoning. Do you imply that strategy is secret or something? WHY can't you use it?

Quote from: matt4054 on July 13, 2013, 08:27:41 AM

The rest of your sentence, while true, is not relevant to what you quoted from me. When you see people buying milk at the supermarket, do you tell them they are stupid because they could just move to a farm and milk their own cows?

You didn't understand what I meant. Creativex buys at market rate, that's OK.

But people who are buying BASIC-MINING shares now buy at 10x market rate. (I.e. there is only 0.1 BTC in BASIC-MINING assets for 1 BTC worth of shares.) This is NOT efficient in any imaginable way.

You get 10x more ROI if you do it directly.

Or if you don't want to do that, you can find shares which aren't that much overpriced. Do the math.